Springfield, Baca County, Colorado Property Taxes

Name: Property Tax Bills Across Springfield, Baca County, Colorado
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Springfield, Colorado effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but higher than the Colorado state median of 0.55%.
Median Springfield, Colorado home value: $46,534
Median annual Springfield, Colorado tax bill: $293, $2,107 lower than the national median property tax bill of $2,400.

How are property taxes in Baca calculated?

Property taxes in Springfield, Colorado are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Springfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Springfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Springfield, Baca County, Colorado Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$340

$315

Ownwell’s Springfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Springfield with just two data points. By entering your property's estimated assessed value, our calculator applies Springfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Baca County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Springfield, Baca County, Colorado

Local government entities in Colorado set tax rates, which can vary significantly within the state. This variation arises because each county, like Baca County, estimates its required budget annually to provide essential services and then divides that budget by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Springfield, the effective property tax rate is an essential factor for homeowners to consider when planning their finances. Compared to other cities in Colorado, Springfield's rate is influenced by the county's budgetary needs and the total assessed property values. The median property tax rate in Colorado is 0.73%, which is notably lower than the national median of 1.02%. This makes Colorado an attractive state for homeowners looking to manage their property tax expenses. Understanding these rates helps property owners in Springfield make informed decisions about their investments and financial planning.

Property Tax Rates Across Springfield, Baca County, Colorado

Source: Ownwell

0.58%

0.81%

1.04%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Springfield Tax Rate

0.73%

Median Effective Baca County Tax Rate

0.73%

Median Effective Colorado Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Springfield, Baca County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
81073	0.36%	0.60%	0.73%	0.73%	0.73%

Source: Ownwell

Property Tax Assessment Values Across Springfield, Baca County, Colorado

When examining property taxes in Springfield, CO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Baca County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Baca County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Springfield. For example, the median home price in Springfield is $46,534, with tax bills ranging significantly across the county. 81073 has the highest median home price at $46,534.

Property Tax Assessment Values Across Springfield, Baca County, Colorado

Source: Ownwell

$18,893

$36,428

$53,963

Median Springfield Market Value

$46,534

Median Baca County Market Value

$38,447

Median Colorado Market Value

$405,540

Median United States Market Value

$235,294

Property Tax Assessment Values Across Springfield, Baca County, Colorado

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
81073	$13,681	$23,680	$46,534	$87,899	$151,213

Source: Ownwell

Property Tax Bills Across Springfield, Baca County, Colorado

In Springfield, located in Baca County, CO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Springfield can expect their property tax bills to vary significantly, with the 25th percentile at $152 and the 75th percentile reaching $566. The median tax bill in this area stands at $293, which is considerably lower than the national median of $2,400. However, even with lower tax bills, understanding the factors that influence these amounts is crucial. Factors such as changes in market conditions and local government budgets can impact property taxes. Homeowners may find these calculations overwhelming, but that's where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in potentially reducing their tax bills, ensuring they only pay their fair share. With Ownwell's guidance, homeowners can navigate the complexities of property taxes with confidence, potentially saving money in the process.

Property Tax Bills Across Springfield, Baca County, Colorado

Source: Ownwell

$107

$274

$440

Median Springfield Tax Bill

$293

Median Baca County Tax Bill

$265

Median Colorado Tax Bill

$2,283

Median United States Tax Bill

$2,400

Property Tax Bills Across Springfield, Baca County, Colorado

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
81073	$88	$152	$293	$566	$1,009

Source: Ownwell